Arthur J. Gallagher & Co.

(New York Stock Exchange)
Slightly Bullish +15

Louisiana State Employees Retirement System Makes New Investment in ...

πŸ›οΈ Louisiana State Employees Retirement System initiated a new position in AJG by buying 13,100 shares worth approximately $2.84 million in the first quarter.

πŸ“ˆ Institutional ownership stands at 85.53%, with notable increases from Dearborn Partners LLC (+6.3%) and Teachers Retirement System of Kentucky (+127.3%).

πŸ’° The company has a market cap of $58.15 billion, trades at a PE ratio of 36.62, and recently paid a quarterly dividend of $0.70 per share.

πŸ“Š Analyst consensus is a 'Moderate Buy' with an average price target of $264.12, though recent targets range from $211 to $275.

πŸ‘” Corporate insider activity saw CAO Richard C. Cary sell 3,000 shares for $618,000, reducing his personal stake by 5.9%.

Bullish Signals
  • Strong institutional accumulation evidenced by new positions from Louisiana State Employees Retirement System and significant increases from Dearborn Partners LLC and Teachers Retirement System of Kentucky.
  • Analyst consensus remains 'Moderate Buy' with thirteen analysts rating the stock as a Buy compared to six Hold ratings.
  • Barclays raised its price objective to $275.00 and maintained an 'overweight' rating, indicating confidence in the company's valuation.
Risk Factors
  • Piper Sandler reduced its price target from $226.00 to $211.00 and assigned a 'neutral' rating, reflecting cautious sentiment among some analysts.
  • Morgan Stanley decreased its price target from $265.00 to $240.00, though it maintained an 'overweight' rating.
Full Analysis
Louisiana State Employees Retirement System acquired a new position in Arthur J. Gallagher & Co. (NYSE: AJG) during the first quarter, purchasing 13,100 shares valued at approximately $2.84 million. This move joins several other institutional investors who recently adjusted their stakes, including Dearborn Partners LLC increasing holdings by 6.3% and Teachers Retirement System of Kentucky growing its position by 127.3%. Collectively, institutional investors now own 85.53% of the company's outstanding stock. The article provides a detailed financial snapshot of AJG, noting a market capitalization of $58.15 billion and a current share price opening at $226.34. Key valuation metrics include a PE ratio of 36.62, a dividend yield of 1.2%, and a debt-to-equity ratio of 0.51. The company recently paid a quarterly dividend of $0.70 per share to investors of record on June 5th. Analyst sentiment remains mixed but generally positive, with thirteen analysts rating the stock as a Buy and six as Hold. Recent price targets vary significantly, ranging from Piper Sandler's lowered target of $211.00 to Barclays' raised objective of $275.00, resulting in a consensus price target of $264.12. Corporate insider activity includes CAO Richard C. Cary selling 3,000 shares for $618,000.